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Spec Lab Flex Building
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2438-2468 Embarcadero Way, Palo Alto, CA 94303

Brand-new Class A spec lab flex space with all-new MEP systems and outdoor patio areas.

Space SizeContact for details
Property Size6,398 SF
Days on Market28

Property Features for 2438-2468 Embarcadero Way

General Information

Standard status Active
Size 6,398 SF
Class A
Property subtype FLEX_R_AND_D

Site & Location

Highway Access Yes
Road Access Yes

Amenities

outdoor patio areas
Listing Agency: CBRE | San Francisco
Listed By: Gregg Domanico
Source: Moodyscre
Added: Jul 8 Changed: Jul 25 Last Checked: Aug 3 at 4:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | San Francisco

Investment Insights

Based on property information with market context.

This brand-new, purpose-built Class A spec lab flex building offers an efficient, flexible design suitable for life science uses. The property includes attractive outdoor patio areas and features all-new building MEP systems, including backup generators.

The location provides immediate access to U.S. Highway 101, with close proximity to Stanford University and Stanford Research Park. Parking is available at a 3.00 per 1,000 parking ratio.

The space is listed as available for Q2 2023.

Key Highlights

  • Brand‑new purpose‑built Class A spec lab flex space
  • All‑new building MEP systems, including backup generators
  • Available Q2 2023

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Restaurant Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

946
Businesses Nearby
Balanced
Demand for This Use

Demographics for 94303, CA

48,281
Population
15,927
Households
3
Avg Household Size
35
Median Age
48%
College-Educated
85%
High-School Grad
8.4 sq mi
ZIP Area
5,748
Density / Sq Mi
$148,031
Median Household Income
$55,788
Median Earnings
$2,710
Median Rent
$1,825,000
Median Home Value

Market

Lease Benchmarks for Palo Alto, CA

$34.65 /SF/Yr
Avg Asking Price
$6.25–$78 /SF/Yr
Price Range
20,774 SF
Avg Space Size

Properties on Market for Flex space in Palo Alto

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Brand-new Class A spec lab flex space with all-new MEP systems and outdoor patio areas.
Where is this flex space located?
The property is located at 2438-2468 Embarcadero Way Palo Alto, CA.
What are key features of this property?
This property features: Brand‑new purpose‑built Class A spec lab flex space; All‑new building MEP systems, including backup generators; Available Q2 2023
(415) 772-0123 Call to check price and availability
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